Monday, January 21, 2013

Developers will invest in next five years 1.9 trillion into clean energy.

Monday, January 21, 2013
NEW York-developers and financiers invested $1.9 trillion build clean energy power plants worldwide from 2012 to 2018 as demand for electricity rises, according to the Pew Charitable trusts.

Development costs for solar and wind farms and other types of renewable energy assets rising to $327 billion in 2018 by about $200 billion in the last year, according to a report, which is now published on the Bank's website.

These numbers can increase even more if Governments to create national energy policy, contain the obligations for renewables, Phyllis Cuttino, Director of Pew said clean energy program in Washington, yesterday in a telephone interview. The incentives should give duration defined clarity of the industry.

The "political role", she said. "You've got to have a renewable energies target or a standard. Or something in the tax code. Or to remove market obstacles. There are several guidelines that you can use to get there, but you have to do something. You can have not only no national energy policy."
Global energy consumption is expected to increase by 47 percent by 2010 to 2035 and investments in the renewable energy industry can $5.9 trillion in the same period the Pike research LLC was prepared according to the report, approach.

"" "" Said industry has clearly given us, "what we need is we need to have certainty," said Cuttino. "It was an unequal playing field, tilted in favor of established technologies. And we need to get over the hump."

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